We report interest paid on bonds or notes payable with operating activities rather than financing activities.
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Q3: A gain on the sale of long-term
Q4: Transactions that do not increase or decrease
Q5: Using the direct method we adjust the
Q6: Financing activities include cash receipts and cash
Q7: The purchase of long-term assets by issuing
Q9: We report interest and dividends received from
Q10: A loss on the sale of long-term
Q11: Operating activities are both inflows and outflows
Q12: Using the indirect method,we begin with net
Q13: If no cash was exchanged in the
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